This seems very oversold at the moment - MC at 22c is a mere $28m - and given the value of the worst-case oil reserve is about $120-$150m (based on recent BPT sale when oil prices were 25% lower than now) - this seems a bargain.
I'm tossing up whether to buy more - but I am so far underwater on this already I'm a little reluctant. It seems that a few are trying to cash up, and with the very low liquidity will likely push the SP to 20c and below to find buyers - so it is probably worth holding out from buying for a bit longer.
I'm not selling as I think this is very undervalued - but I don't have the will to throw in more cash either.
This seems very oversold at the moment - MC at 22c is a mere...
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Last
9.4¢ |
Change
-0.001(1.05%) |
Mkt cap ! $23.20M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 9.5¢ | 9.1¢ | $5.351K | 56.33K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300000 | 9.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.5¢ | 384001 | 2 |
View Market Depth
| Last trade - 15.31pm 22/11/2024 (20 minute delay) ? |
| TDO (ASX) Chart |
